As Doncaster is set to benefit from the government’s new £15 million Northern Cultural Regeneration Fund, the town is extending its cultural offering to investors.
The major renovation of historical landmark Danum House is among one of these inspirational projects aimed to boost the Northern Powerhouse. Housed in a five-floor art deco building in the heart of Doncaster town centre, Danum House – also known as Duke Street – is being turned into a stylish residential building with open plan apartments, complete with rooftop cinema and concierge service.
Built in the 1930’s, originally as a department store, the Grade II listed building, which boats 29,950 sq of space, sits in an imposing corner location at the other end of popular Frenchgate Shopping centre, where its distinctive V-plan layout and bold curved angles form a striking landmark. It gained its Grade II-listed status in 1997 but the premises began to fall into despair after the closure of TJ Hughes department store.
Designed by TH Johnson & Son, the building is an impressive example of the art deco style of architecture, which highlights the appeal of own and live in there. This iconic building needed a new lease of life to save its great character from the scrap heap.
Empire Property Concepts developer acquired in August 2016 permission to convert its upper storey into 78 luxurious Art-Deco flats. Their transformation is unique as it breathes fresh life to the historical features of the building by retaining them.
Jeffrey Taylor, who is the developer partner, commented: “The redevelopment of Danum House has fulfilled an empty historical landmark within the town centre helping towards the regeneration of Doncaster and the surrounding areas along with the power house of south Yorkshire. The new building will be particularly appealing to those with an Art-Deco flair looking to live in Doncaster as it will provide a high standard of town centre accommodation.”
Everything about the Art Deco look of Danum House – the Vitrolite tile cladding, glazed central rounded staircase and bronzed metal frame windows – will be retained in the revamp of the building, giving its admirers and art aficionados the chance to live there.
Designed for open plan living, the new homes will make the most of natural daylight with floor-to-ceiling windows and private interior balconies. Not only will the new flats combine classic period touches with contemporary comfort but also, they are extremely spacious as the smallest apartment in this development is 465 square feet – the size of some two bedroom apartments in London or Manchester!
Investors can buy these 1,2 and 3 bedrooms apartments through Properties in the world from just £83,000 and the benefit of a 5.7% NET assured returns for five years. Works will be completed in March 2018.
“Doncaster could soon be seeing average values rising at similar rates to those in Manchester. Prices in the town are extremely low, so for those who invest early, rental yields are likely to be substantially stronger, ” said Jean Liggett, CEO, Properties of the World.
For more information, visit http://propertiesoftheworld.co.uk/ or call +44 (0)20 7624 5555.